In a Perfectly Competitive Market,a Decrease in Output Could Be

question 41

Multiple Choice

In a perfectly competitive market,a decrease in output could be caused by

• A)an increase in consumer demand
• B)a technological innovation
• C)a decrease in input prices
• D)a decrease in consumer demand

---

Definitions:

Tandem Drive Axle

A pair of drive axles found on trucks or heavy vehicles, providing additional support and power distribution for handling heavy loads or difficult driving conditions.

Nominal Size

The labeled or advertised dimensions of a component, which may not exactly match its actual, physical size.

Construction

The process of building or assembling infrastructure, buildings, or other physical structures, involving planning, design, and execution.

Fast Wear

Excessive and rapid deterioration of a material or component, usually due to friction, stress, or improper use.